Magistrate Judge Recommends Denying Motion To Vacate Awards In Power Plant Row

(April 25, 2020, 6:27 PM EDT) -- MIAMI — A federal magistrate judge in Florida on April 16 recommended denial of a motion to vacate arbitral awards related to a contract to build a hydroelectric dam in Guatemala, finding that the contractor’s claim that the arbitrators exceeded their authority under Section 10 of the Federal Arbitration Act was inapplicable, as vacatur may be granted only based on the defenses listed in Article V of the New York Convention (Corporación AIC, S.A. V. Hidroelectrica Santa Rita S.A., No. 19-20294, S.D. Fla., 2020 U.S. Dist. LEXIS 68018)....